LONDON--(BUSINESS WIRE)--The market for synthetic, man-made textiles and materials is
experiencing healthy growth due to changing consumer demands and
productivity needs. Synthetic textile materials are typically more
durable and adaptable than textiles made from things found in nature.
Details on how the boom in the market for man-made materials will play
out are some of this week’s featured stories on BizVibe. BizVibe is the world’s
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Growing global demand for synthetic fibres

Over the last few decades, there has been significant growth in the
global fibre market in the demand for synthetic fibres in apparel, home
furnishings, and industrial applications. The total global annual
consumption of synthetic
fibres surpassed 55 million tonnes in 2014, accounting for a
share of over 62% in the world fibre market.

China is currently the largest manufacturer of synthetic fibres,
accounting for more than half of all global synthetic fibre production.
Global consumers’ fast-growing preference for durability, better stain
resistance, softness, and elasticity in fibres will encourage the
substantial growth of this market for the foreseeable future.

Though it experienced a consecutive decline in market share and volume
throughout the 1990s, the market
for man-made cellulosic fibre is back and better than ever with
consumption doubling in the last decade. The new growth of this market,
which reached 5.2 million tonnes in 2015, is largely due to increasing
usage of viscose rayon staple fibre as both spinning fibre for apparel
and in nonwoven end uses.

The cellulosic fibre market has become highly capital intensive and
technology-driven, with market players constantly engaging in
initiatives towards innovation. China, India, Japan, South Korea,
Pakistan, Taiwan, and Indonesia are some of the biggest markets in the
world for synthetic cellulosic fibre.

The global
polyester market was valued at USD 73.5 billion in 2014 and is
expected to surpass USD 115 billion by 2020. Polyester is one of the
most commonly used materials in the global textile and apparel industry
with almost 50 million tonnes produced last year.

Though the growth rate for the global polyester market has slowed to
4.8%, overall growth and production rates remain strong, stable, and
promising for the future. China, the leader of the global polyester
market, accounts for more than 65% of global polyester consumption, and
demand for polyester is still growing.

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